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On reading the budget

The concluding statement of the talks held in Doha between the government of Pakistan and the IMF Mission last month reads: “The [IMF] team emphasized the urgency of concrete policy…

Corrective Budget 2023

The Setting: The idea of writing this piece is to debate the possibilities of strengthening Pakistan’s budgeting process. This debate helps us create policy space, which appears highly constrained. Today,…

Budget with a sanity deficit

At a time when Pakistan is going through some of the worst economic challenges in its chequered history, the federal government has come up with a budget that speaks volumes…

Anatomy of a budget

The government of Azad Jammu and Kashmir presented a budget of Rs163.7 billion for the next fiscal year in the legislative assembly a few days ago. During the last few…

Burgeoning budget deficit

The information on fiscal operations in 2021-22 has just been released by the Ministry of Finance. These figures are based on information from the AGPR (Accountant General of Pakistan Revenue),…

The FY23 budget and Fund approval

Pakistani administrations have become adept at presenting an annual budget to parliament with the required detailed documents (with respect to both projected expenditure and revenue), printed at considerable cost to…

A mini-budget or an annexure to budget?

For the first time in Pakistan’s chequered history additional revenue measures were annexed to the budget by a sitting government though the budget announced on 10 June has not yet…

A constrained budget

The federal budget of 2022-23 has been presented in a difficult and uncertain economic and political environment in the country. Foreign exchange reserves are at a very low level of…

FY23 budget: need for fiscal reforms

“He who wishes to serve his country must have not only the power to think but the will to act” – Plato The coalition government of Pakistan Democratic Movement (PDM),…

A directionless budget

The budget is built on expectations and assumptions (prayers) of global commodities to move out of the super cycle in the next few months. The government built the budgetary framework…